3 Bed 2 Bath Waterfront Condominium for Sale in LIGHTHOUSE BAY, FL
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SoldMLS# 226004657

$350,000

3 Bed 2 Bath Waterfront Condominium for Sale in LIGHTHOUSE BAY, FL

10941 Santa Margherita Road 101, Estero, FL, 34135

3 beds2 baths1,548 sqft1 garage
GatedPickleballTennisBeach AccessFitness CenterClubhouseBasketballCommunity PoolWaterfront

About this home

This 1st-floor end unit is perfectly situated in the very first building on the street, offering unmatched convenience and privacy. Offered turnkey, this well maintained 3-bedroom, 2-bath condominium is move-in ready. The standout feature is the enclosed lanai, fitted with Hurricane glass sliders. This upgrade transforms the area into 120+ square feet of versatile, year-round living space where you can enjoy peaceful lake views 365 days a year. Inside, the open eat-in kitchen boasts stainless-steel appliances and abundant storage and is situated directly across from the formal dining area. The spacious primary suite serves as a private retreat with direct lanai access, lake views, and an ensuite bath featuring dual raised vanities and a walk-in shower. Two additional bedrooms are located at the front of the condo, including one with a built-in desk ideal for a home office and the 2nd full bath. Rest easy with the added protection of stone-coated steel roofs installed community-wide in 2020. Located within the gated community of Lighthouse Bay, residents enjoy exceptional resort-style living with access to five swimming pools, including a lap pool, 2.5 miles of scenic walking and jogging paths, tennis courts with a pro on staff, a robust bocce program, two boat houses, a fitness center, sauna, clubhouse, library, and an Arts & Learning Center. As an added bonus, a Bronze Membership to the Brooks Commons Club is included, granting access to a private restaurant, enrichment center, pickleball, and vibrant social programs, Gold Memberships available for upgrade granting access to The Commons Club Private Beach where chaise lounges and umbrellas are provided, Ice/Water dispenser, conviently located restrooms and Beach Parking Reservations (during construction of the new club). Ideally located just minutes from Coconut Point Mall, dining, entertainment, Southwest Florida International Airport, and pristine Gulf beaches, this home offers the perfect blend of comfort, convenience, and Florida lifestyle.

Property details

Type
Condominium
Year built
2003
Interior
1,548 sqft
Lot size
Not specified
Acreage
Not specified
Garage
1 car
Days on market
74
Total association fees
$9,920/yr (~$827/mo)
CDD
None
Est. taxes (1.4%)
$4,900/yr
Flood zone (area est.)
Yes · High risk (AH)
Storm protection
None listed
Exposure
West
Waterfront
Yes
Gulf access
No
Gulf access type
N/A
Pool
No
Spa
No
Natural gas
No
Water
Public
Sewer
Public Sewer
New construction
No
Pets
Call, Conditional
County
Lee

Total association fees sums the core association dues the MLS feed provides (HOA, condo/master association, and land lease), normalized to a yearly figure. These are separate from and additional to specialty charges — mandatory club or food-and-beverage minimums, special assessments, and rec-lease fees — which the IDX feed does not carry. Always confirm the full fee schedule with the HOA or listing agent.

Maintenance included in the fee

AssociationManagementCableTvInsuranceInternetIrrigationWaterLegalAccountingMaintenanceGroundsMaintenanceStructurePestControlRecreationFacilitiesReserveFundRoadMaintenanceSewerStreetLightsSecurityTrashWater

What the association dues cover, per the MLS. Confirm the full schedule with the HOA.

Amenities

BeachRightsBasketballCourtBilliardRoomBilliardsClubhouseFitnessCenterLibraryBarbecuePicnicAreaPierPickleballPoolSaunaSpaHotTubTennisCourtsTrailsManagement

Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.

At marketThis home is priced in line with comparable recent sales.
This home
$226/sqft
Comp median
$231/sqft
Difference
-2%

Based on the $/sqft of 6 comparable homes sold nearby in the last 12 months. Indicative, not an appraisal.

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Recently sold nearby

Closed comparable sales within ~1 mile in the last 12 months — similar price, size, beds/baths, and age.

AddressSoldSold priceBeds/BathsSq ft$/sqft
10911 Oak Island Road 201Apr 2026$375,0002/21,554$241
10791 Halfmoon Shoal Road 101Apr 2026$385,0003/21,670$231
23741 Old Port Road 204Apr 2026$325,0003/21,486$219
23740 Eddystone Road 4103Dec 2025$325,0002/21,406$231
23740 Eddystone Road 4203Nov 2025$367,5002/21,404$262
23731 Eddystone Road 6204Jul 2026$335,0002/21,578$212
Average6 comps$352,083$233

Market trends — Lighthouse Bay

Median list
$308,000
Median $/sqft
$241
Median sold (90d)
$355,000
Avg days on market
64
Active listings
11
Median sold price · Lighthouse Bay
$355,000last 3 months6% vs $377,500 prior 3 months

Live community medians from the MLS · see all listings. Indicative, not an appraisal.

Price & status history

Down $30,000 (8%) from the original list price.

May 11, 2026Sold$345,000
Mar 26, 2026Price reducedfrom $365,000$350,000
Mar 16, 2026Back on market
Jan 29, 2026Listed$375,000

The good, the trade-offs & the location

Pros
  • Built 2003 — post-2002 Florida wind codes (typically lower insurance)
  • Waterfront
Consider
  • In a higher-risk flood zone (AH) — flood insurance likely required
  • Higher association fees (~$9,920/yr)
Location convenienceHigh
Hospital
11.6 mi
HealthPark Medical Center
Beach
6.1 mi
Bonita Beach
Airport
10.2 mi
RSW Intl (Fort Myers)
Shopping
3.1 mi
Promenade at Bonita Bay

Straight-line distances to major SWFL amenities — approximate; actual drive times vary.

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Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.